Search results for : wallets
May 01, 2023
Sand Dollars in circulation now at just over $1 million
NASSAU, BAHAMAS — Sand Dollars in circulation are currently valued at just over $1 million according to Central Bank Governor John Rolle, who noted that within the mobile wallet space, the spend is roughly $4 million per month. "The financial institutions are predominately concluding those transactions in Sand Dollar; more than 80 percent of those. [...]
April 28, 2023
PM: Government working on a regulatory framework for DAOs
Prime Minister Philip Davis announced yesterday while speaking at the Consensus 2023 conference hosted by Coindesk - a news site specializing in bitcoin and digital currencies - that alongside the recently announced revisions to the Digital Assets and Registered Exchanges (DARE) Act, the Securities Commission of The Bahamas (SCB) and the Digital Advisory Panel are working on a regulatory framework...
April 28, 2023
PM: Bahamas has not lost its zeal to lead digital assets industry
Despite the collapse of Bahamas-based cryptocurrency exchange FTX and ensuing attacks made on the country's reputation, Prime Minister Philip "Brave" Davis assured attendees at a digital assets conference in Texas yesterday that The Bahamas has not lost its "zeal" to be at the forefront of the industry.
SCB publishes 2023 DARE bill for consultation
April 27, 2023
SCB publishes 2023 DARE bill for consultation
The Securities Commission of The Bahamas (SCB) has published its Digital Assets and Registered Exchanges (DARE) Bill 2023 for consultation, with the new bill strengthening financial and reporting requirements for digital asset businesses, a press statement from the SCB on the upgraded bill explained. SCB Executive Director Christina Rolle said in the statement that the ...
The post SCB publishes 2...
April 26, 2023
Legislation may be needed to address banking challenges, says Mitchell
Highlighting the many issues facing bank customers in The Bahamas, Minister of Foreign Affairs and the Public Service Fred Mitchell charged that a solution may be needed in the form of intervention by the legislature.
April 26, 2023
Securities Commission unveils digital assets legislation overhaul
NASSAU, BAHAMAS- The Securities Commission of The Bahamas has published its revised Digital Assets and Registered Exchanges (DARE) Bill 2023 for consultation, expanding the definition and list of digital asset business activities. The revised legislation includes robust consumer and investor protection, risk management, and market innovation and development provisions. The Bill also st...
GB Chamber pushing the Sand Dollar
April 18, 2023
GB Chamber pushing the Sand Dollar
With the world gradually moving toward cashless trading, and as financial transactions continue to evolve, the Grand Bahama Chamber of Commerce (GBCC) is hoping to educate business owners and residents on the use of the country's digital cash option, the Sand Dollar. As a first step, the GBCC has invited Central Bank Governor John Rolle ...
The post GB Chamber pushing the Sand Dollar appeared firs...
March Police Roundup
March 28, 2023
March Police Roundup
At the end of each month, GB News will publish a roundup of crime news based on police news releases issued that month throughout the northern islands, including Grand Bahama, Abaco, and Bimini.
March 27, 2023
FAMILIES HOMELESS AFTER BIMINI BLAZE: Fire displaces eleven families as dysfunctional fire apparatus failed to bring it under control
ELEVEN families were displaced after a fire destroyed four homes in Bimini yesterday and exposed the dysfunctional firefighting equipment on the island.
12 left homeless after Bimini fire
March 27, 2023
12 left homeless after Bimini fire
An early morning fire on the sleepy island of Bimini ripped through multiple homes leaving at least a dozen people homeless.
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